The dominance of those legacy cash are dwindling with every passing 12 months and that may be a nice information. No singular coin ought to maintain the facility to dominate all the ecosystem.
And with enhance in adoption amongst the newer customers coupled with the thriving & buzzing developer ecosystem making certain that new initiatives with newer use circumstances at all times comes up- this certain paints a really vibrant future for all of us.
Ethereum nonetheless leads the market with 80% dominance within the sensible contract platform however different initiatives are slowly catching as much as the pace not essentially intending to exchange it.
Polkadot with $40b market cap, Solana with $60b market cap, Avax with $30b, Algorand $11b, Cosmos with $7b and so on are all making larger strides in the direction of reaching a wide range of newer enterprise circumstances.
Even ethereum with all its L2 protocols is making an attempt to make our world extra inclusive by making a wide range of use circumstances possible (largely by making the platform scalable). The present fuel charges on most of those L2 platform lies between $0.15 – $0.50 and with time & updates this can solely enhance.
All said- these discount in dominance is excellent for our ecosystem. It represents that we as a neighborhood are rising. These dominance numbers ought to and can lower with time as a result of our neighborhood ought to and can develop with time.
submitted by /u/tanmay1010
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